Fairfield Business Campus

Population: ~65,800

20 minutes to downtown Minneapolis or Saint Paul

18 miles to MSP airport

POSITIONED TO THRIVE! LAKEVILLE, MINNESOTA

The City of Lakeville is a place The city is comfortably situated in where businesses and families close proximity to Minneapolis thrive! Lakeville is located along and St. Paul, as well as the I-35 on the west side of Dakota Minneapolis-St. Paul International County, which is part of the 7- Airport and Mall of America. County Twin Cities Metro. As you can see, Lakeville is Lakeville is home to one of positioned to thrive - making it a Minnesota’s largest industrial great location for your project! parks, which has over 535 acres of  A community of over 65,800 and Employment by Industry land ready for development. growing, Lakeville has led the Industries representing 10% or more of Currently, the city’s industrial metro area for single- family Lakeville’s employment: home permits for 7 years running park has over 150 businesses and • Retail Trade 15% (2012-2019). approximately 4,000 employees. • Manufacturing 14%

• Food Services 13%  Over 1,600 acres of public park • Healthcare 10% and open space, including 100 miles of pedestrian and bike Average annual salary for these trails and a 5-acre dog park. industries in Lakeville:

 Award-winning schools and a • Manufacturing $61,152 highly-educated workforce with • Retail Trade $29,640 over 49.5% of residents earning • Food Services $18,876 four-year degrees. • Health Care $31,252

 Home to 1,200+ businesses with

room to expand. Updated February 2020

FAST FACTS 62.5% Percentage of Lakeville residents aged 25 and older who have attained an Associate Degree or higher

$63,253,742 Total Commercial and Industrial development value (2019)

17.6% Percentage of population growth in Lakeville from 2010-2018

RAPID COMMERCIAL & INDUSTRIAL GROWTH 46,740 Lakeville’s vision for the future is to In Lakeville, 55% of the population Population 18 years and older in Lakeville (ACS increase economic sustainability fall between the prime working ages 2014-2018) through diversified economic of 25-64 years old. development. In 2018-2019, the city 58% saw growth across all sectors with The community is predicted to Percentage of Lakeville residents with the addition of retail, healthcare, reach 80,000+ residents by 2040. commutes of less than 30 minutes (ACS 2013-2017) restaurants and manufacturing. Since 2010, Lakeville has added

approximately 4,250 jobs and is  Approximately 200,000 sq. ft. of estimated to add over 5,000 more industrial space and 300,000 sq. 17,939 by 2040. Number employed in Lakeville in 2019 ft. of commercial space was built (MN DEED QCEW Q4 2019) or remodeled in 2018 Lakeville has a high labor  Nearly 200,000 sq. ft. of participation rate of 77.9%, commercial space and 160,000 $301,391,296 sq. ft. of industrial space was compared to 71.6% in the Twin Total building permit valuation (2019) newly built in 2019 Cities Metro and 70.3% statewide.

FOR MORE INFORMATION  Institutional investments DAVID OLSON, COMMUNITY & (schools, churches, libraries) Data sources: City of Lakeville, Metropolitan ECONOMIC DEVELOPMENT DIRECTOR valued at $34.3 million in 2017- Council, Minnesota Department of 2019 Employment and Economic Development, MN 952-985-4421 Compass, U.S. Census Bureau [email protected]